Myanmar: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Myanmar

In 2022, the Myanmar's pimenta pepper market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a pronounced downturn. Pimenta pepper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pimenta Pepper Production in Myanmar

In value terms, pimenta pepper production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Pimenta pepper production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of pimenta pepper in Myanmar fell modestly to X tons per ha in 2022, flattening at the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the average pimenta pepper yield hit record highs at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the pimenta pepper harvested area in Myanmar rose to X ha, increasing by X% compared with the year before. Overall, the harvested area, however, showed a slight decline. The pimenta pepper harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Pimenta Pepper Exports

Exports from Myanmar

In 2022, overseas shipments of pimenta pepper decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, pimenta pepper exports shrank dramatically to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Thailand (X tons) was the main destination for pimenta pepper exports from Myanmar, accounting for a X% share of total exports. Moreover, pimenta pepper exports to Thailand exceeded the volume sent to the second major destination, China (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to X%.

In value terms, Thailand ($X) emerged as the key foreign market for pimenta pepper exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand stood at X%.

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Pimenta Pepper Imports

Imports into Myanmar

For the third consecutive year, Myanmar recorded decline in supplies from abroad of pimenta pepper, which decreased by X% to X tons in 2022. In general, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pimenta pepper imports declined notably to $X in 2022. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of pimenta pepper to Myanmar, with a X% share of total imports. Moreover, pimenta pepper imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

In value terms, India ($X), Malaysia ($X) and Thailand ($X) were the largest pimenta pepper suppliers to Myanmar.

In terms of the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average pimenta pepper import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a deep slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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